A few Turkish merchant bar re-rollers have raised their prices by $10/mt to $610-620/mt FOB compared to March 11, for April shipment, as most buyers are still refraining from new purchases due to the war in the Middle East. In addition, a few merchant bar re-rollers have set their merchant bar export prices slightly above $620/mt FOB and some are even testing $630/mt FOB due to higher energy and production costs. However, $630/mt FOB so far seem a bit high under the current market conditions.
Meanwhile, the SteelOrbis Turkish import billet daily reference price stands at $470-510/mt CFR, stable over the same period.
Product |
Price ($/mt) |
| Angle | 610-620 |
| IPN-UPN | 620-630 |
| Flat bar | 640-650 |
| IPE | 620-630 |
All prices are on FOB basis and for April shipment.
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